Gold stabilizes as markets await US inflation data and interest rate decisions

Gold prices stabilized on Monday as traders awaited key U.S. inflation data later in the week, seeking clues about the Federal Reserve’s interest rate trajectory.

Spot gold held steady at $4,424.40 per ounce by 00:25 GMT, while U.S. December gold futures fell 0.1% to $4,471.60.

Other precious metals also saw mixed movements: spot silver remained unchanged at $66.21 per ounce, platinum dropped 0.7% to $1,807.38, and palladium declined 0.4% to $1,393.